Accounting standards rarely stay still for long, and every update changes what "correct" financial reporting looks like. Professionals who fall behind on these shifts risk misstating figures that boards, auditors, and regulators all rely on.

This Modern Financial Reporting Standards and Accounting Practice course from the Arab British Fellowship Training Academy gives participants a working command of the requirements behind preparing financial statements and disclosures, and shows how to read, structure, and interpret them in line with international best practice — helping teams overcome the practical challenges of applying updated policies and procedures.

Who Should Attend?

• Finance and accounting professionals of all levels wanting to deepen their practical knowledge.
• Certified accountants and finance officers who need to stay current on standards.

Knowledge and Benefits:

By the end of the course, participants will be able to:

• List the basic financial statements and determine how best to structure and present them.
• Identify recurring adjustments and their impact on financial results.
• Explain how assets, liabilities, equity, income, and expenses should be accounted for in both routine and one-off transactions.
• Apply minimum disclosure requirements for significant accounts.
• Prepare financial statements from trial balance through to final disclosure.

• Module 1: Core Financial Statements and What They Reveal
  • How annual results feed into business decisions.
  • Reading the profit and loss statement.
  • The balance sheet and statement of equity.
• Module 2: Cash Flow and Accounting Adjustments
  • Understanding the cash flow statement.
  • Applying accounting adjustments correctly.
• Module 3: Reporting Major Accounts and Transactions
  • Financial reporting practices for significant accounts and transactions.